If the dollar appreciates, it can be said that:
a. foreigners respect the United States more
b. other currencies depreciate.
c. it increases in value within the United States.
d. other currencies also appreciate.
b
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In a one-period economy, real consumption
A) is always less than disposable income. B) is typically greater than disposable income. C) is exactly equal to disposable income. D) can be greater than, less than, or equal to disposable income.
All of the following are considered redistribution methods, EXCEPT:
A. Section 8 housing subsidies. B. Blue Cross Blue Shield. C. Medicare. D. progressive taxes.
The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the bank has $400 million in deposits and $362 million dollars in loans. Given this information you find that the reserve requirement must be
a. 44/400. b. 6/362. c. 38/400. d. 32/400.
A firm that has economies of scale:
a. at low output and but diseconomies of scale at high output is a natural monopoly. b. at any particular level of output is a natural monopoly. c. over the entire range of output demanded is a natural monopoly. d. has a continually rising long-run average cost curve.